Zebra Technologies announced the acquisition of Xplore Technologies in a deal valued at nearly $90 million.
Xplore, an innovative developer of rugged tablets, 2-in-1 laptops, and performance matched accessories, generated revenue of $87 million in the 12-month period ended March 31, 2018.
Xplore’s products serve existing vertical markets such as retail, manufacturing, transportation & logistics and healthcare, and provide Zebra an inroad into new markets including oil & gas, utility, government and public safety.
“The acquisition of Xplore enhances our product lineup and gives Zebra a complete rugged tablet portfolio that enables our customers to gain a performance edge,” said Anders Gustafsson, chief executive officer of Zebra Technologies.
Xplore’s offerings complement Zebra’s enterprise mobile computing, data capture, and printing portfolios, which will now serve a range of enterprise customers and accelerate growth.
Tom Wilkinson, chief executive officer of Xplore Technologies, said: “Our products are a natural fit for Zebra, creating a comprehensive rugged mobility portfolio that stands against any competitor.”
PJT Partners is acting as financial advisor and Kirkland & Ellis is acting as legal advisor to Zebra. Sheppard Mullin is acting as legal advisor and Duff & Phelps provided a fairness opinion to Xplore.